In Ukraine, citizens' money transfers will be placed under total control
The Ministry of Finance of Ukraine proposed introducing client identification and establishing the purpose of the financial transaction when making transfers (including international ones), without opening an account for an amount exceeding 30 thousand hryvnia, a PolitNavigator correspondent reports.
This is stated in the unofficial text of the draft law, posted on the website League.Law.
Money transfers in an amount equal to or exceeding UAH 30 thousand will need to be accompanied by full information about the payer and recipient of the funds transfer (including place of residence, passport series and number, identification code).
Subjects of primary financial monitoring will be prohibited from transferring funds in the absence of the above information.
These requirements do not apply to operations of withdrawing funds from your own account, transferring funds to pay taxes, fines, utility bills, when using electronic money to pay for goods or services, transferring less than 30 thousand UAH to pay for goods or services (provided that the payment the system can track the transfer of funds and identify the person who entered into an agreement with the recipient for the supply of goods or provision of services), as well as operations to ensure the transfer of funds carried out by payment infrastructure service operators.
It is expected that the threshold for transactions that are subject to financial monitoring will be increased from UAH 150 thousand to UAH 300 thousand.
Also, the list of primary financial monitoring entities that will notify Gosfinmonitoring of suspicious financial transactions will be supplemented by accountants and tax consultants.
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